+44 207 493 3631
Gaming Realms PLC
| Gaming Realms PLC | |
|---|---|
| Date: | July 2018 |
| Deal: | £23m sale of a 70% equity stake in UK online casino assets and management relating to the brands Pocket Fruity, Spin Genie, Britain’s Got Talent Games and X Factor Games |
| About the client: | Gaming Realms plc (GMR.L) is an AIM-listed developer, publisher and licensor of mobile real money and social games |
| About the transaction: | Akur advised GMR on the transaction that resulted in the sale of 70% of the Company’s UK online casino B2C business to River iGaming plc
In addition to the consideration, River UK Casino (subsidiary of River iGaming plc) entered into a five year B2B platform and content agreement Patrick Solution, CEO of Gaming Realms, said: “We are delighted to announce this agreement with River iGaming, which aligns perfectly with our strategy We are hugely grateful to the Akur team for their central role in bringing this transaction together From identifying and introducing the most appropriate partners through to structuring, negotiating and finalising the deal with River iGaming, we have been impressed with Akur’s network, knowledge and advice throughout the process” |
| Lead: | David Shapton |
